Exxon Mobil (NYSE:XOM) Trading 1% Higher – Here’s Why

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 1% on Monday . The stock traded as high as $109.78 and last traded at $108.91. 3,541,425 shares were traded during mid-day trading, a decline of 64% from the average session volume of 9,963,671 shares. The stock had previously closed at $107.86.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Finally, TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Up 0.2 %

The stock’s fifty day moving average is $114.46 and its two-hundred day moving average is $115.86. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $475.02 billion, a PE ratio of 13.46, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter worth $54,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.